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Kerry Group Initiates Share Buyback to Enhance Shareholder Value

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Kerry Group Initiates Share Buyback to Enhance Shareholder Value

The latest announcement is out from Kerry Group plc ( (GB:KYGA) ).

Kerry Group plc has announced the repurchase of 32,650 of its A ordinary shares on Euronext Dublin as part of a buyback program valued at up to €300 million, set to run until June 2025. This strategic move aims to enhance shareholder value and optimize the company’s capital structure, reflecting Kerry’s commitment to returning capital to shareholders while maintaining a robust market position.

More about Kerry Group plc

Kerry Group plc operates in the food industry, focusing on the production of taste and nutrition solutions for the food, beverage, and pharmaceutical markets. The company is known for its innovative approach to enhancing food products and is a key player in the global food ingredients market.

YTD Price Performance: 7.92%

Average Trading Volume: 63,891

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €15.64B

For detailed information about KYGA stock, go to TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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